Colgate Share Price Forecast – Why Brokers Are Bullish?

Very recently I have seen few big broking houses are super bullish on Colgate Palmolive share price. Many of them believe that COLPAL share will zoom soon. So, in this post let’s analyse the Colgate share price forecast and let’s check the pros and cons of investing in the company at the current price levels. Those who have invested in our last pick Jubilant Foodworks are already gaining more than 2% in single day.

As per the last data Colgate had 1959 employees in India ahead of again Emami and Dabur.

The company has a very strong last 10 years financial data to back up its investors.

The above image shows the financial data of the company. The company currently has almost zero debt that is very good for investors. It also has a very good dividend paying history, out of which the last dividend payment was 57.6%.

What are the broker’s views on the Colgate share price forecast?

We have seen 2 brokers are heavily bullish on Colgate Palmolive share price. But before we enter the broker’s analysis lets check the weekly chart of the company.

It has been noted that the Colgate share price has made an inside bar last week. This week’s price is also contained inside last week’s price action. So after a run up the price is taking a breather and it is likely to start its northward journey again. Check today’s closing price of Rs. 1065.60 in the image below:

Angel Broking View:
Angel Broking has recommended a BUY on COLPAL at current levels. They have not mentioned any stop loss or target. So investors can buy this stock and hold for the medium term. Read the full report of Angel Broking by downloading it from below. You can unlock your download link by using any of the share buttons below.

Indrajit is a professional blogger and trading system developer. Amibroker expert, WordPress expert, SEO expert and stock market analyst.Trading since 2002, he has started the journey of StockManiacs.net on 2008. He follows Indian and world stock markets closely.